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Search Results 0 to 49 of about 1,041 (some duplicates have been removed)
MSNBC
Dec 29, 2012 5:00am PST
. the latest gdp provisions looks like the economy may finally genuinely be in a real recovery. it increased by 3.1%. of course, we've been here before many times over the past four years and each time it appears that the economy is going to achieve a philosophy, it gets pulled back to earth. there are two issues. cyclical, how and when we will once achieve full employment and strong growth and structural issues, what aspects do the fundamentals of our country work and not work. barack obama has insisted it won't be enough to cover the downturn and the economy needs fundamental reform and invention. >> i know that we'll have to overcome our doubts and our divisions and we're going to have to overcome a determined opposition of powerful special interests before we can truly reform a broken economy and advanced opportunity. >> if we take seriously the idea of emerging from the great crisis into a radically new economy, be there are core questions about what that economy will look like that almost no one in our political class is asking. what is the proper role of finance, a sector that account
CNN
Dec 29, 2012 10:00am PST
. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible second. we avert disaster but move no closer to solving our long-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> well, if the senate manages to reach a compromise, the hope is that the house would follow. that's option one. the green one. option two is less certain. president obama reportedly challenged congressional leaders from both parties on friday to come up with a deal better than the one he proposed. the center piece of which is that the top marginal tax rate will incr
FOX Business
Dec 23, 2012 1:00am EST
in buyers and confiden consumer confidence at a low. does that mean that the economy is already scrooged? hi, everyone, i'm he brenna buttner, this is bulls and bears, and we've got gary b smith, tobin smith. jonas max ferris and susan and larry. okay, larry, no deal on taxes and debt scrooging holiday sales and the economy? >> that's right, brenda, you know, i don't want to be the grinch here, but in a word we are scrooged. >> the grinch! >> very, very optimistic expectations and an outlook for retail sales that was very rosie and those optimistic expectations have faded as we've gotten closer and closer tthe end of the year with no fiscal cliff deal in sight. and as a result, consumer sentiment is falling off a cliff, just like the fiscal cliff we're going to fall off so we've got a problem on our hands and couldn't happen at a worse time and today, super saturday, the second busiest day of the year. >> brenda: well, a lot of retailers are saving the big discounts until right at christmas and after. if consumers know that, maybe they're waiting, too? >> that's right. a lot of us are procra
FOX News
Dec 29, 2012 7:00am PST
still waiting. wh but would no deal be better for the fiscal economy than a rushed deal. brenda buttner, bulls and bears. gary b smith, tobin smith. jonas max ferris. a no deal better than a bad deal. >> it would create more uncertainty or one of the deals they're talking about, which is raising taxes and now, and they trust us, we'll get to the spending cuts later on, let's not worry about that right now. the last thing we want to see is a weak-need congress and a weak-willed president patting themselves on the back because they have some watered down deal. i think they need to feel some pain, i think they need to see he the implications in the markets, in the economy, so, yes, i think no deal right now is better than a bad deal. >> okay, gary b, jim mentioned the market, let me play wall street on tv. basically i'm sick of this. i'm going to keep heading south because the uncertainty, the anxiety is killing me. if we had any kind of deal, at least we might see stocks move up a bit. that would be good for our 401(k)'s, wouldn't it? >> that's exactly my perspective, brenda. this was a r
CSPAN
Dec 27, 2012 6:00am EST
in europe of binding disparate economies by means of common currency. this is not the first time these things that happened. it happened in the united states of america. you have disparate economies in the united states of america that are bound together monetarily. missouri and washington state are as different as germany and greece. what is it that keeps the united states together? you had a great depression here in the 1930's. things were awful. and yet, i do not believe there were any political movements to get rid of the deficit states from the united states, like there are in europe and portugal and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of surplus and deficit recycling around the land. let me give you a simple example. we are in seattle. boeing is sponsoring the lectures. when boeing goes to washington to give a contract for the next generation jet or whatever, they may get it. they do get it. but there are some things attached. like for instance, we want a factory t
CSPAN
Dec 23, 2012 10:05pm EST
of the economy. you don't want to pay off the debt but you want it to fall. host: how did we get to this point? why is the government spending so much and under this president, we've seen the debt go up $1 trillion each year over the last four years. where is it going? guest: there are two main ways to look at it. right now, we're still coming out of this economic crisis. so you have large debts for four years mainly because you have low revenues as people don't have jobs or they are getting paid less. then there has been extra spending programs over the last four years but also, we have this mandatory spending programs that grow on auto pilot. over the last four years they have grown because they represent the basic social safety net that we have when we enter recessions. so food stamps, medicaid, they spend more when the economy is bad. so i think that is the main thing to look at when you look at the last four years. there are some structural issues that we don't blame but look towards to explain why people are afraid of debts over the long-term. that is because our mandatory spending progr
KCSMMHZ
Dec 26, 2012 6:00am PST
new cabinet is taking all the challenges the country faces, including a sluggish economy and last year's disaster. abe explained in his news conference his cabinet is designed to overcome the crisis. he says reviving the economy is a top priority. >> translator: a strong economy is the basis of japan's power. reviving a strong economy is essential to japan's future. my cabinet will carry out bold financial policies, well-timed fiscal policies and a strategy to encourage private investment toward economic growth. my cabinet will carry out these economic policies and achieve results. >> are prime minister abe says he and his minister also devote energy to foreign policy. he says they will strengthen diplomatic and security policies. >> translator: we should rebuild our diplomacy to protect our national interests. we are facing many challenges in our relations with china, south korea and even with the united states on which japan's security is based. strengthening japan/ize lie yans is the first step toward rebuilding japan's diplomacy and security. >> abe promised the central government
PBS
Dec 21, 2012 6:30pm PST
against the dollar, trading at a value of $1.3175. >> turning to france now where the economy is set to show minimal growth in first half of next year, according to the french national statistics institution, who predict a rise of 0.1%. >> france's economy also barely grew over the course of this year, but in what many analysts see as overly optimistic, paris has set a growth target of 0.8% for 2013 and says it is still confident it can cut its deficit to below the you-mandated level. a german power utility is cutting 1300 jobs as part of a 750 million euro cost-cutting program. >> it is germany's third biggest power company. most of the job losses will be among support and administrative staff. the company has struggled financially from having to shut down to below of its nuclear reactors over safety fears in the wake of the fukushima disaster. >> ratings agency standard and poor's has downgraded cypress again. its sovereign debt already has junk status. now it has gone down two more notches. >> cypress says it needs a decision on an international bailout within days to avoid a defa
FOX News
Dec 29, 2012 8:00am PST
weather warnings. it is down to the wire. scramble since we have watched the economy go off the major cliff. president obama is saying they will have a agreement. this later on america's news headquarters. now back to forbes on fox . for all of your latest headlines. >> as the clock ticks down. new report shows that american workers are not using up all of the vacation time. they are said to be seen as lazy and losing their job. this is a good sign for the economy. how so, steve. not for those two reasons . we don't have too much vacation or little. we do it just right. europe had work like we did. you want lopping beer vacation you can have a stagnant economy like europe. we raise taxes we'll have longer vacation but fewer jobbings. >> you are right. we don't want to be like the french. and people here in the united states and government union. and i was on vacation and check my blackberry and read a rick unger e-mail while on vacation. >> you are never on vacation. >> you work it anyway. nine out of the 10 are checking their work phones. any time to rejuvenate and come back ragged.
CNN
Dec 23, 2012 7:00am PST
. on the show today, we'll move past the fiscal cliff and talk about the real challenges to the economy. i will talk to the chief economic adviser of the romney campaign and president obama's former budget czar peter orzack, among others. >>> also, let me tell you about the biggest success story in latin america. it's not brazil. much closer to home. then, as the world watches the arab world struggle with democracy, we'll take a look at the problem from an unusual perspective, upside down. how does a country turn away from democracy as eastern europe did 50 years ago? i talked to pulitzer prize winning historian anne happalbaum. >>> the administration had a choice save chrysler by injecting taxpayer dollars or let it fail and let it lose perhaps a million jobs. car czar steve ratner gives us a fascinating inside look. for viewers in the united states, we have a special tonight at 8:00 and 11:00 p.m. eastern and pacific called "tough decisions." >>> but, first, here's my take. announcing that he would send proposals on reducing gun violence in america to congress, president obama this week
CSPAN
Dec 24, 2012 1:00pm EST
most recent book is this, "the coming prosperity how entrepreneurs or transforming the global economy." sure is the cover of the book. professor auerswald, what role does your play in economic development? >> well, that's a great question the and media i will talk about what role does fear play in our conversation about development and our conversation about our present, so when we talk about our reality and share our ideas in the marketplace we are competing with other ideas. there are three things about marketplaces for ideas. short-term sells better than long-term, fear sells better than hoped, negative sells better than positive and exaggerated but in moderate so we see a disproportionate number of short term narrative's of negative exaggerated stories and essentially commesso short-term negative. that's what's represented the marketplace ideas and there's actually good reasons for that. we are creatures that grew up in environments where we were always subject to threat so we are looking at things that are going to hurt us, but we are no longer in those environments. we are in a
NBC
Dec 23, 2012 2:30am EST
, what else, sentiment around the fiscal cliff deal. the economy though is looking stronger than many analysts expected. the gross domestic product was revised upwards, up from a previous level of 2.7%. the gdp is the broadest measure of the size and straeength of t u.s. economy. >>> the treasury department announces a plan to sell remaining shares to gm. that after bailing out the giant automaker. it will cost taxpayers $12 billion but saved more than a million jobs in the industry. >>> it's not much time left before the bush tax cuts expire and the automatic spending cuts kick in. the dreaded fiscal cliff that will likely have a powerful impact on the economy can washington actually come to an agreement and what's going on behind the scenes? don peebles, chair monday and ceo of the peebles corporation, don was a leading fund-raiser for president obama. good to see you. >> thank you. >> a lot of drama happening in washington. let's talk about the fiscal cliff. what's your take on how this plays out? now with just a few days left in the year to get this deal done. >> i don't think the
LINKTV
Dec 28, 2012 7:00pm PST
any patients for a politically self-inflicted wound to our economy. >> the president said he was modestly optimistic that the january 1 deadline for the fiscal cliff could be averted, but that is contingent on a vote in the senate on a compromise bill, and that will have to get an up or down vote. there is a majority for that, with some tax increases for upper-income people. the question is what level would be acceptable to republicans. more crucial to that is, whatever the senate proposes and passes on to the house, will it be acceptable to the majority of republicans in the house, who control that body? if it is not, we may be having another confrontation, and go past the january 1 deadline, and we could see those tax increases go into effect. again, there is the fallback position. if the pressure on the republicans is great enough, they may have to change their position after january 1. congress can always pass something retroactively, which would have an effect retroactively. but the damage would be done to the republican image of being a constructive element in these neg
PBS
Dec 21, 2012 4:30pm PST
will help us get our economy moving faster and put more americans back to work and more americans on the tax rolls. how we get there, god only knows. >> porter: oters who expected congress to watch over the >> so i think the tax issue and the job issue needs to be looked >> reporter: voters who expected congress to watch over the economy after the election are watching the fiscal cliff with growing alarm. >> it's going to mean a lot of problems, the job situation will actually get worse because then companies can't borrow money and if you can't borrow money, then you're gonna have problems with hiring employees and stuff like that. >> reporter: the holidays are usually times that bring filies together and many would like to see that happen at the national level as well. >> so i think the tax issue and the job issue needs to be looked at together and it shouldn't be divided among rich or middle class, or lower class it shouldn't be any class, it should be america coming together and right now in our house that's a big cause of debate. >> reporter: but washington isn't a source of optimism the
CNN
Dec 22, 2012 10:00am PST
your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends th that, you know, take the deal. they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package. >> the ceo of pimco, one of the world's largest investors in bonds. mark standee is chief investor at moody's. and christine romans, host of "your bottom line." gdp, the broadest measure of the economy grew at an annual rate of 3.1% over the summer. we just got those numbers this week. that's more than double the rate of previous quarter. you can see the chart there. it's been choppy but looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. we've been saying that 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. so talk to me about the consequences to our
CNBC
Dec 24, 2012 5:00am EST
. these are your headlines from around the world. >> with just one week to go before the u.s. economy goes over the fiscal cliff, lawmakers are pointing fingers and playing the blame game. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and th
FOX News
Dec 27, 2012 12:00am PST
in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze christmas eve have been allowed to retur
LINKTV
Dec 23, 2012 4:00pm PST
in new delhi. mario monti says the most important thing is to get italy's economy back on track. the opposition leaders in egypt have called for an investigation into allegations of fraud. the muslim brotherhood says 64% voting yes after two rounds of voting and 36% voted no. the official votes are expected on monday, but the turnout for both rounds was incredibly low, averaging around 32%. we have more now from cairo. >> the opposition response was quick. been maintained the position they do not consider the constitution -- they maintain the position that they do not consider the constitution legitimate and will continue fighting it by peaceful means. >> we will not allow them to change the identity of egypt going forward. and we will also change the constitution. >> after claiming irregularities, the high election commission promised to look into them thoroughly, but it is not clear if the election will deem these irregularities secure -- serious enough to investigate. in cairo, the opposition begins. >> the constitution is built on iran foundation. we revolutionaries have pro
CSPAN
Dec 23, 2012 2:45pm EST
immeasurably. secondly, we believe we can do better in growing our economy. and so, jim glassman will come up and introduced the panelists in a second, who is the founder, executive director of the bush institute, the action oriented place on the smu campus. and i as well as amity chalets and others decided we would assemble the finest minds in the country who share the sense of a system we have better private sector can grow at 4% asleep at the the right policies in place. my views will never fix the deficit soccer in the dirt. [applause] so therefore you shouldn't take my word for it. you should take the word for the people who are experts on the economy. and here's our product. you are the first to see it. so we published a book, "the 4% solution." jim is going to introduce many of the folks who are here who have written some of the chap verse. and then brendan miniter come in the very able editor at the bush summer will be conduct in the panel. if you please welcome jim glassman, founding executive director of the george w. bush institute and has led us nobly in her first 18 months of exi
FOX News
Dec 29, 2012 1:00am PST
the economy and ultimately his legacy. even though he can blame republicans in the short-term in the long term when they look back to this period this is going to attach to the president. is he feeling now an obligation to finally lead on this issue. and hopefully he will bring some democrats in the house and the senate along but it's going to have to be something that republicans can support. republicans are not going to a . and obviously so we're going to be very interested in the particulars of this as they begin to emerge. i'm just glad finally that the president is here. but to your point, it is true a lot of democrats get what they want. they get higher taxes automatically on january 1st. and they get steep cuts in the defense budget. but i will tell you what, there are an awful lot of people that would be hurt by that particularly small businesses and job creators and that's why it is so important that we do everything we can to get an outcome here that doesn't hurt jobs and the economy. >> this is, again, i don't get this. the president says he is worried about this having an impact on
PBS
Dec 26, 2012 4:30pm PST
. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their control like the economy and the fiscal cliff? >> i thi
CSPAN
Dec 22, 2012 4:14pm EST
the understand how important united states is for their own economy. so much of what they sell and they produce is exported all around the world. they want the u.s. economy to be stronger as quickly as possible, because it means there will be able to continue to export. as much as they're trying to move from an export driven economy to a more domestic consumption based economy, they will still rely heavily on exports. the more americans are working, the more money they have in their pockets, the more they will be shopping in stores, and so much of what they buy is made from many other countries, including china. the healthier the u.s. economy is, the more that china will export. that means jobs for the chinese people. >> when you talk to leaders, how much are they actually were it about united states? -- worried about united states? >> i think united states is incredibly important to china, and recognize that. not only in very practical ways, but in another way, more psychological. there is a 150 year history were china has been trying to check itself up in big shin itself upr status. there is
FOX Business
Dec 28, 2012 5:00pm EST
is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than 250,000. this is, i don't know, for years i've had to listen to this, it is going to hurt our economy if we raise taxes on the top 2%. there are many things happening that can hurt our economy. the fact we're having this conversation two or three days before the end of the year is hurtings our economy. adam: but we've seen that. >> raising taxes isn't going to be it. adam: let me bring dan back in here. dan, i want to ask you, raising taxes only raises $80 billion at best in a budget almost a trillion dollars over budget. so what do you to fix that problem? >> all we have to do to balance the budget in 10 years limit the growth of government spending so that the budget climbs by an average 2.5% a year. in my mind, this isn't about the short term because whatever speed bump we go over we're going to go over.
CNBC
Dec 23, 2012 7:30pm EST
at housing and it's a bright spot in the economy and what's going to help propel our economy back. miami, for example. one of the first to go down steeply, along with las vegas. and we operate in both of those cities. prices are up in las vegas now, 7% and miami 8%. so you're seeing tremendous up side in housing. >> these are some of the areas that really plummeted. >> yes. >> yeah. so now they're coming back. >> san francisco is coming back, as well. miami roared back. miami's inventory is lower than it -- was in its peak. its price increases are happening more rapidly than during the last peak in the marketplace back in '06 when the market really peaked. >> fascinating. so how important is this for the overall economy that you're seeing these hot spots of real development and bursts of energy in certain cities? >> very important. because one, of course, as inventory shrinks and prices increase, there's a greater demand for new construction. also, most americans' net worth is tied into their homes and now their net worth has gone up so they're more optimistic about the economy, and will
PBS
Dec 27, 2012 6:30pm PST
and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock on effects for the global economy. the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective, i think washington moves too slowly. tax rates will go for all americans, and cuts will go into effect by the end of this year, and we will see no more unemployment benefits for about 2 million americans. >> there are some technicalities here. what are the government's contingency plans? for example, how will it go about paying bills if no deal is reached? >> a couple of bills they will just not b
LINKTV
Dec 23, 2012 2:00pm PST
the economy back on track. he would lead a future government if asked. opposition leaders in egypt have called for an investigation. the muslim brotherhood says 64% vote4d yes. 36% voted no. official reserves are expected on monday. the turnout was incredibly low. the results are unlikely to end the turmoil in the country. we have more now from cairo. >> the opposition response to a sewage tank is position that it does not consider the constitution legitimate and it will continue to fight it by peaceful means. >> it is only a beginning. we will not allow it to change the identity of egypt. we will work to change this constitution. >> after complaints of fraud and irregularities, the commission promised to look into them fairly. it is not clear if they will deem the serious enough to investigate. this is the heart of the resolution. >> we will never recognize the constitution which is built on the wrong foundation. we promise got ourselves to continue until we win or die. >> not everyone agrees that it is flawed. >> the referendum was free and fair. i have seen it. over 60% voted yes. the egypt
FOX
Dec 25, 2012 4:00am PST
in the southern city of kochin represents the booming economy. and with growth projections here as high as 7% for the year, the expanding indian market for goal could push prices past $2500 an ounce. "buy it, keep it, buy 24-carat gold, put it in a locker, and when you need money, turn around and sell it and make good money on it." > > and come to umreth to do it. "yes, come to my shop!" reporting from india, paul eggers, first business news. the indian government tightly regulates the gold market by testing jewelery for quality. chokesee believes this is a positive, because it helps protect customers from low- quality pieces. an overwhelming number of parents in the u.s. believe their children are growing up without learning valuable life skills such as how to manage their money. as many as 7 out of 10 parents expect these lessons to be taught in public school. nathaniel and stacey didomenico's young daughter, arianna, is more ahead of the game than she realizes. "we've already started with our daughter. there are things she wants at the store and we explain that it costs money, we have to
CSPAN
Dec 27, 2012 1:00pm EST
for the economy. and the transaction tax is being taken very seriously in europe and probably will happen there, even though the u.k. is kicking and screaming because they specialize in being the home of trading, whether trading in stocks or derivatives or anything else. they simply do not want that to be taxed. there are people in congress. i think wall street is now the number-one contributor to political campaigns. at least, it is in the running for number-one. i have been to washington many times and i'm involved with several groups that are trying to reform the business sector so that it can work, so that it can survive. it is very difficult because of the sheer amount of money that the finance sector in particular is pouring into lobbying and campaign contributions. it is very difficult. >> let's give a round of applause for lin. -- lynn. [applause] there is an opportunity for you to purchase and have the but signed. if you have court-further questions, she will be here signing books. thank you all and have a safe trip home. [captioning performed by national captioning institute] [caption
CSPAN
Dec 29, 2012 7:00pm EST
a plant to grow the economy and shrink our efforts -- deficit. it is a balanced plan, one that would cut spending in a responsible way and ask the wealthiest americans to pay a little more. i will keep working with anybody serious about getting a comprehensive plan like this done because it is the right thing to do for our economic growth. we are not at the point where in a couple of days, the losses at the americans' tax rates are going up. the americans paycheck will get a lot smaller. that would be the wrong thing to do for our economy. it would hurt middle-class families and it would hurt the businesses that depend on your spending. and congress can prevent it from happening, if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that can pass both houses in time. but, if an agreement is not reached on time, i will urge the senate to hold an up or down vote on a basic package that protect the middle tax from the income tax hike, extends vital unemployment insurance and lays the groundwo
FOX Business
Dec 27, 2012 12:00am EST
of restraining spending while allowing the economy to grow and not having a tax policy that hurts it. so the deal could come at any time. if you want to be optimistic i think republicans are realizing how much leverage they have with the sequester. these are automatic spending cuts. the obama doesn't want them. this is leverage point for republicans. adam: you're an economist. we're journalists and we're only good for free drinks. are we going over the cliff? >> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over against the impact. in terms of lack of investment and in terms of businesses closing their doors and remaining sidelined still for quarters going into 2013. adam: well, lindsey, you again are an economist. which is worse, the spending cut from the sequestration or the tax increase? which hits us, 310 million of us are american citizens. which hits us worse? >> well genera
FOX News
Dec 29, 2012 11:00am PST
level, but in the state hopeful signs of reform and looking forward. is the economy headed for rebound or recession, will the new year finally bring a showdown with iran? our panel is here with their prediction. ♪ >> welcome to this special edition of the journal, editorial report. as we look back on the year that was and the challenges facing us in 2013. first to our big stories of 2012. and america's left turn from the supreme court's landmark health care decision to the reelection of president barack obama. and politics headed in a decidedly liberal direction, so what happened and what does it mean for the country going forward. joining us columnist and detail editor, dani henninger and kim strassel. dan, we like to say for a long time we live in a center-right country. if you look at the last two presidential elections that doesn't seem to be the case. are we living now in a new, progressive era? >> in terms of the presidency, i think we are, paul. i'm not sure about the country. barack obama i think is the center left or left wing president since the great depression and i thin
MSNBC
Dec 26, 2012 9:00pm PST
luck getting a doctor then. more than a trillion dollars in spending cuts are triggered. the economy probably falls back into recession, and merry christmas and happy new year from washington to you, the american people. this basket of problems is what washington calls the fiscal cliff. you've been hearing for months now about the cliff crisis. you've heard a lot about whether or not it will matter, you've heard about the offers and the counteroffers president obama and house speaker john boehner put on the table. if you live in the game area, you're going to be reading about the cliff whether you like it or not. we at starbucks have an opportunity and i believe a responsibility to use our company's scale for good, by sending a respectful and optimistic message to our officials to come together and reach important ground. this week, through december 28th, partners at our washington, d.c., area stores are writing come together on customer's cups. i am hugely in favor of this new starbucks initiative. not because i think writing come together on coffee cups will bring anybody in washin
MSNBC
Dec 29, 2012 11:00am PST
hurting the u.s. economy. president obama says he doesn't want to do that again and it will be interesting to see how he maneuvers because congress will end upholding a vote and saying that congress no longer has the power on raising the debt limit. that remains to be seen and it will be interesting to see what president obama says when he's asked a question like that. >> mark, we'll come back to you later. joining me also from d.c., david nabbing murrah of "the washington post. this won't be confusing at all. >> no way. >> david nakamura, we'll start with you. a lot of talk about progress in the last 24 hours. as an example, let me quote "the new york times." i have a positive feeling now. this is senator kay bailey hutchison, republican of texas who said a burst of a deal talk broke out as soon as they left the capitol. harry reid was sounding the death knell. what happened yesterday, david? >> congressional leaders came to the white house and had direct talks with the president and john boehner continues to say, look, new it's up to the senate to take action and so there is -- what was
CNBC
Dec 26, 2012 5:00am EST
's pulling down different elements of the economy. so whether it's consumer confidence and now spending, both seem to be having a negative impact on the environment. >> yeah. michael, i imagine it's difficult to get out and want to spend when you're worried about your taxes going up next year. and how you're going to allocate your budget. i want to ask about some of the places that we did see spending. what were some of the segment groups? was it apparel, electronics? you know, luxury has surprisingly held up a little bit. so where did we see the dollars that were spent go? >> sure. let's start with luxury. luxury nationally had a difficult year because -- primarily because about 20% of luxury retail sales originated out of the new york area. if new york has a difficult season, that's going to be difficult on the overall numbers. that said, in the southeast and the south central regions of the country, luxury sales were up 5% to 6%. so again, it depended where you were. but luxury retail sales did relatively well. other sectors, women's apparel did have a positive year. as well as furniture a
FOX Business
Dec 27, 2012 1:00pm EST
stocks are falling the dow was off 100 points europe is a mess in china slows down the global economy in dire straits and we cannot stop spending there is no message in interest rates are rising as they should to prepare for another downgrade which is very concerning talking about the economic data data, consumer confidence falls over fiscal cliff uncertainty and warning the government is set to hit the legal borrowing limit by a monday. we have bill rodgers from rutgers university professor who is the perfect guest. >> happy holidays. lori: starting with consumer confidence if you look at the psychological impact of the fiscal clift debacle. >> prior to the holidays with a conversation was around wall street and the impasse with the fiscal cliff and today confidence index fell a full six points and fully driven by households and main street being concerned about taxes, unemployment insurance benefits so jobs are not being created so this provides the imperative at a higher level for congress. lori: if you hear the cbo says if we do go over the cliff then gdp will drop half a percenta
FOX Business
Dec 24, 2012 8:00pm EST
to get this engine and the economy pumping again. neil: do you think, andthis is mentioned by mitt romney a lot. you know that you are going to do things differently? dubai that? >> everybody talks about reducing taxes because they want more capital to grow their business. but it's also regulatio. businesses are confronted at the township and city level. >> here in chicago, you need 161 licenses to open up the business. >> if you open up a job shop, you have to have a license to ve them a bath. it'sidiculous. why can't we consolidate some of these things and reduce the bureaucracy? it isn't about the people collecting anything but a paycheck. neil: they must realize that the more they push this, the more it it endangers the economy and their very jobs are oine. >> you would think so, when you? there is a lot of evidence that says those people inside the beltway are living in a bubble. washington dc s the only city in the united states that has had taken continuous growthh >> what about when gas comes down? >> you have a gas situation where you have $4000 and their wages have only gone up
MSNBC
Dec 28, 2012 6:00pm PST
economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. i just have to repeat. you know, outside of washington, nobody understands how it is that this seems to be a repeat pattern, over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss things and things happen. if there are disagreements, they sort through the disagreements. the notion that our el
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